According to PANews on May 15th, CryptoGames announced the establishment of a corporate venture capital department called CG Ventures, planning to increase investment in Web3 and trading card fields.
It is reported that CryptoGames has previously invested in 17 companies in the Web3 domain, and this time will further expand into trading card-related projects. CG Ventures will focus on investing in Web3 and card projects with synergistic effects with CryptoGames' business, mainly focusing on early and seed-stage projects, and primarily using direct equity investment. CryptoGames previously launched the blockchain card game 'CryptoSpells' in 2019 and raised 900 ETH through crowdfunding, which was the highest record in Japan at that time. Subsequently, the company launched 'TCG Verse' based on Oasys and the Non-Fungible Token card store 'TCG STORE'.
